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Ashva Capital 2018 Year End Letter: Are We In A Bear Market?

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Jacob Wolinsky
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A bear market is traditionally defined as a 20 percent slide from recent highs and is usually accompanied by widespread panic among investors. In December, the S&P500 declined 19.8% from its September 2018 peak. Although the index has rebounded strongly many investors and the media believe that we are currently in the beginning of a global bear market.

Q4 hedge fund letters, conference, scoops etc

black bear 1548874019
keaton / Pixabay

Ankur Shah discusses his views on whether there is further market carnage ahead in his recently published 2018 Annual Investor Letter.


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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.